Sinopec Group Former Chairman Fu Chengyu is the recipient of the Al Attiyah Foundation 2019 Honorary Lifetime Achievement Award
Former Chairman of Sinopec Group Fu Chengyu, who ranked third in Fortune 500, is this year’s recipient of The Honorary Lifetime Achievement Award for the Advancement of International Energy Policy and Diplomacy. The award was announced by Abdullah Bin Hamad Al Attiyah, Chairman of the Al Attiyah Foundation, a non-profit organisation.
During his four years at the helm of Sinopec, Chengyu vigorously reformed the company to prominence on the international stage, increasing its market capitalisation by US$30 billion and positioning Sinopec at third place in Fortune 500.
As former Chairman and CEO of China National Offshore Oil Corporation (CNOOC), Chengyu was also instrumental in transforming the company, increasing its market capital from US$8 billion to US$12 billion and in 2005, initiating CNOOC’s US$18.5 billion acquisition of US Unocal, turning a new page of overseas acquisitions by Chinese firms.
According to Al Attiyah, Fu Chengyu has made an outstanding contribution to the industry over the course of his career, and is truly one of the most influential business leaders in China.
I look forward to honouring his work and lifetime achievement at our awarding ceremony on 1 May.’
In accepting his invitation to come to Qatar to receive the honorary award, Chengyu said he is ‘grateful and humbled’ to have been nominated to receive the Al Attiyah Foundation’s International Energy Award for Lifetime Achievement. He too is looking forward to the award ceremony.
The Al Attiyah Foundation bestows one Honorary Award each year to an outstanding global energy leader for their exceptional impact on the energy industry with distinct personal achievements for a consistent and prolonged period. The 2019 accolade will be presented to Fu Chengyu during the seventh edition of the awards, which will be held at the Sheraton Grand Doha Resort and Convention Hotel on 1 May.
The ceremony will be attended by an exceptionally prestigious list of over 300 past and present leaders from various industries, academia and government. Many of the foundation’s international award-winning alumni will also be present. The awards this year are supported by Qatar Petroleum, ExxonMobil, Shell, North Oil Company, Dolphin Energy, Qatar Airways and Total.
Previous beneficiaries of the Honorary Award include Lee Raymond, former Chairman and CEO of ExxonMobil; Sir Mark Moody-Stuart, former Chairman of Shell and Chairman of the UN Global Compact Foundation; HE Ali Al Naimi, Saudi Arabia’s former Minister of Petroleum and Mineral Resources; and Christophe de Margerie, the late CEO of Total.
Lifetime Achievement in the Energy Sector
The Abdullah Bin Hamad Al Attiyah International Energy Award is the foremost global honour to recognise individuals for their Lifetime Achievement in the advancement of the energy sector. There are six more awards given each year to recognise individuals for their Lifetime of Achievement under these categories: the advancement of Qatar Energy Industry; Gas; Producer-Consumer Dialogue; Education; Renewable Energy and International Energy Journalism.
The nominees are reviewed and voted on by an International Selection Committee and evaluated for their impact, innovation, long-term vision and leadership.
Since its inception, the Al Attiyah Foundation is committed to provide expert analyses and up-to-date insights on serious global, regional and country-specific challenges and opportunities on energy and sustainable development themes.
Themes are explored through publications like the Weekly Energy News, Monthly Sustainability Digest and the Energy Research Series. Every quarter, the Foundation invites the best global experts to Qatar to share their insights with members and partners during the CEO Roundtable Series. The outputs of the Roundtable are used to educate and support communities, as they transition towards a more sustainable energy future.
Check out this link for more information about the Al Attiyah Foundation.